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    532 Clay St Montgomery, AL 36104

    Sponsored
    For Sale
    $799,000

    Historic Montgomery Restaurant, 4,255 SF

    Property size:
    4,255 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a charming, historic building at 532 Clay Street in Montgomery, Alabama. The 4,255 square foot property, built in 1890, is currently 100% occupied, generating strong income streams. The ground floor houses Goat Haus Biergarten, a thriving restaurant. The second floor comprises a residential unit with a lease expiring in 2027, generating $1,600 monthly rent, and an Airbnb space averaging $1,200 monthly income. The property sits on a 0.22-acre lot and is zoned T4-R, allowing for versatile retail or restaurant uses. Its prime location in downtown Montgomery offers high visibility and proximity to major transportation, amenities, and over 1,000 hotel rooms within a short distance, including 600 within three blocks. The building's historic charm is complemented by modern conveniences, and its location is approximately 1.1 miles from the I-85/I-65 interchange and 1.7 miles from Maxwell Air Force Base, serving a substantial population of active duty personnel, contractors, and retirees. This presents a unique chance to acquire a profitable, established business with significant upside potential in a vibrant, growing city. The asking price is $799,000, translating to $187.78 per square foot.

    Property Features for 532 Clay St

    General Information

    Property type
    Restaurants
    Square Feet
    4,255 SF
    Lot Size
    9,583 SF

    Building Details

    Year Built
    1890

    HighLights

    • Historic 4,255 SF building in downtown Montgomery, AL.
    • 100% occupied, generating strong income.
    • Ground floor houses thriving Goat Haus Biergarten restaurant.
    • Second floor features a residential unit ($1,600/month) and Airbnb ($1,200/month avg.).
    • 0.22‑acre lot, T4‑R zoning allows versatile retail/restaurant uses.
    • Prime location near major transportation, amenities, and over 1,000 hotel rooms.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Goat Haus Beer Garden

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.3181359
    Latitude
    32.3768034

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    FAQs

    What type of property is this?
    Restaurant - Historic Montgomery Restaurant, 4,255 SF
    Where is this restaurant located?
    The property is located at 532 Clay St Montgomery, AL.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: Historic 4,255 SF building in downtown Montgomery, AL.; 100% occupied, generating strong income.; Ground floor houses thriving Goat Haus Biergarten restaurant.
    Request Owner's contact information
    532 Clay St Montgomery, AL 36104
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    Montgomery, AL 36104
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    532 Clay St Montgomery, AL 36104
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